Mundell’s Nobel Prize Speech

Originally posted Thursday, July 26, 2012 Share “The international gold standard at the beginning of the 20th century operated smoothly to facilitate trade, payments and capital movements.”  — Robert Mundell “The Royal Swedish Academy of...

The Paper Dollar Depresses Middle Class Income

Originally posted on Tuesday, July 24th, 2012 Recent posts here have addressed the apparent strong correlation between the final departure from the gold standard and the beginning of economic stagnation for the middle class. Recently, in BullionVault, analyst Nathan...

The Case of the Mixed Money

The Case of the Mixed Money Originally posted Thursday, July 19, 2012 Share1 Robert Natelson, then Professor of Law, The University of Montana School of Law, published Paper Money and the Original Understanding of the Coinage Clause, 31 Harvard J.L. & Pub. Policy...

Total Factor Productivity

Tuesday, July 17, 2012 Share “…a money supply based on nothing other than faith in government is a productivity killer.” John Aziz is a young British blogger on matters economic, publishing at azizonomics: economics for the jilted generation.  In a...